Mirion Technologies Beneish M-Score Historical Data
The historical data trend for Mirion Technologies's Beneish M-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mirion Technologies Beneish M-Score Chart
|
Mirion Technologies Annual Data
|
|
Trend |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
- |
- |
- |
-2.74 |
-2.69 |
|
Mirion Technologies Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.74 |
-2.57 |
-2.44 |
-2.45 |
-2.69 |
Competitive Comparison of Mirion Technologies's Beneish M-Score
For the Specialty Industrial Machinery subindustry, Mirion Technologies's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mirion Technologies's Beneish M-Score Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mirion Technologies's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mirion Technologies's Beneish M-Score falls into.
Mirion Technologies Beneish M-Score Calculation
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Mirion Technologies for today is based on a combination of the following eight different indices:
| M | = | -4.84 | + | 0.92 * DSRI | + | 0.528 * GMI | + | 0.404 * AQI | + | 0.892 * SGI | + | 0.115 * DEPI |
| = | -4.84 | + | 0.92 * 0.9153 | + | 0.528 * 0.9711 | + | 0.404 * 0.9684 | + | 0.892 * 1.1158 | + | 0.115 * 1.044 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8413 | + | 4.679 * -0.058378 | - | 0.327 * 0.9127 |
| = | -2.69 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
| This Year (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was $230.4 Mil.
Revenue was 230.4 + 191.2 + 197.2 + 182.1 = $800.9 Mil.
Gross Profit was 108.5 + 80.8 + 88 + 79.1 = $356.4 Mil.
Total Current Assets was $538.6 Mil.
Total Assets was $2,718.5 Mil.
Property, Plant and Equipment(Net PPE) was $167.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $162.8 Mil.
Selling, General, & Admin. Expense(SGA) was $340.1 Mil.
Total Current Liabilities was $265.7 Mil.
Long-Term Debt & Capital Lease Obligation was $712.8 Mil.
Net Income was -15.2 + -12.1 + -27.7 + -41.9 = $-96.9 Mil.
Non Operating Income was -17 + 11.3 + -11.8 + -15.9 = $-33.4 Mil.
Cash Flow from Operations was 67 + 23.8 + 7.1 + -2.7 = $95.2 Mil.
|
Total Receivables was $225.6 Mil.
Revenue was 217.9 + 160.9 + 175.8 + 163.2 = $717.8 Mil.
Gross Profit was 97 + 69.8 + 79 + 64.4 = $310.2 Mil.
Total Current Assets was $480.6 Mil.
Total Assets was $2,738.7 Mil.
Property, Plant and Equipment(Net PPE) was $164.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $174.5 Mil.
Selling, General, & Admin. Expense(SGA) was $362.3 Mil.
Total Current Liabilities was $244.3 Mil.
Long-Term Debt & Capital Lease Obligation was $835.8 Mil.
|
1. DSRI = Days Sales in Receivables Index
Measured as the ratio of Revenue in Total Receivables in year t to year t-1.
A large increase in DSR could be indicative of revenue inflation.
| DSRI | = | (Receivables_t / Revenue_t) | / | (Receivables_t-1 / Revenue_t-1) |
| = | (230.4 / 800.9) | / | (225.6 / 717.8) |
| = | 0.287676 | / | 0.314294 |
| | = | 0.9153 |
2. GMI = Gross Margin Index
Measured as the ratio of gross margin in year t-1 to gross margin in year t.
Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.
| GMI | = | GrossMargin_t-1 | / | GrossMargin_t |
| = | (GrossProfit_t-1 / Revenue_t-1) | / | (GrossProfit_t / Revenue_t) |
| = | (310.2 / 717.8) | / | (356.4 / 800.9) |
| = | 0.432154 | / | 0.444999 |
| | = | 0.9711 |
3. AQI = Asset Quality Index
AQI is the ratio of asset quality in year t to year t-1.
Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.
| AQI | = | (1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) | / | (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1) |
| = | (1 - (538.6 + 167.3) / 2718.5) | / | (1 - (480.6 + 164.4) / 2738.7) |
| = | 0.740335 | / | 0.764487 |
| | = | 0.9684 |
4. SGI = Sales Growth Index
Ratio of Revenue in year t to sales in year t-1.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
| SGI | = | Sales_t | / | Sales_t-1 |
| = | Revenue_t | / | Revenue_t-1 |
| = | 800.9 | / | 717.8 |
| | = | 1.1158 |
5. DEPI = Depreciation Index
Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
| DEPI | = | (Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) | / | (Depreciation_t / (Depreciaton_t + PPE_t)) |
| = | (174.5 / (174.5 + 164.4)) | / | (162.8 / (162.8 + 167.3)) |
| = | 0.514901 | / | 0.493184 |
| | = | 1.044 |
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.
SGA expenses index > 1 means that the company is becoming less efficient in generate sales.
| SGAI | = | (SGA_t / Sales_t) | / | (SGA_t-1 /Sales_t-1) |
| = | (340.1 / 800.9) | / | (362.3 / 717.8) |
| = | 0.424647 | / | 0.504737 |
| | = | 0.8413 |
7. LVGI = Leverage Index
The ratio of total debt to Total Assets in year t relative to yeat t-1.
An LVGI > 1 indicates an increase in leverage
| LVGI | = | ((LTD_t + CurrentLiabilities_t) / TotalAssets_t) | / | ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1) |
| = | ((712.8 + 265.7) / 2718.5) | / | ((835.8 + 244.3) / 2738.7) |
| = | 0.359941 | / | 0.394384 |
| | = | 0.9127 |
8. TATA = Total Accruals to Total Assets
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
| TATA | = | (IncomefromContinuingOperations_t | - | CashFlowsfromOperations_t) | / | TotalAssets_t |
| = | (NetIncome_t - NonOperatingIncome_t | - | CashFlowsfromOperations_t) | / | TotalAssets_t |
| = | (-96.9 - -33.4 | - | 95.2) | / | 2718.5 |
| | = | -0.058378 |
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Mirion Technologies has a M-score of -2.69 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MIR has been successfully added to your